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The joint venture company aimed at the corrugated paper market for fruit packaging in Shandong and believed that Chinese food processing companies are increasingly demanding corrugated packaging materials and decided to manufacture and sell corrugated paper in China. Shandong is a place of fruitful production for apples and pears. It is not only sold in large quantities in China, but also exported to Southeast Asia and Europe. The corrugated packaging materials are in short supply, and the extent to which they are needed is somewhat reached.
The annual demand for corrugated paper in China is about 13-15 billion square meters. With the rapid development of China's economy, China's demand for corrugated paper will continue to grow at a rate of 10% each year.
China's corrugated paper market is attracting more and more foreign-funded companies to invest.
Japan Paper Targets Chinese Corrugated Paper Market
In 2002, there was an excess of 1 million tons of corrugated paper supply and demand in Japan. Affected by this, Japanese paper-making companies headed by Prince Pharmaceuticals have introduced measures to reduce production, and overseas production has been reduced if production is reduced. Paper companies from Japan and the rest of the world are moving to China as if they are becoming fashionable.